The Part 26A Restructuring Plans (the "Plans") proposed by each of Virgin Active Holdings, Virgin Active Limited and Virgin Active Health Clubs Limited (the "Plan Companies") have been sanctioned by the court. This decision has been eagerly anticipated by the restructuring and insolvency market, struggling tenants and the beleaguered landlord community.
European Union, United Kingdom, Insolvency & Restructuring, Leisure & Tourism, Litigation, Real Estate, Stephenson Harwood LLP
Stephenson Harwood’s Middle East team provide top tips on how to quickly recover debt in the UAE.
The strategy we set out in this bulletin is intended to crystallise the debt in the eyes of the national courts of the UAE making recovery of the debt quicker than it otherwise might be.
Issue letters of demand
Middle East, United Arab Emirates, Banking, Insolvency & Restructuring, Stephenson Harwood LLP, Coronavirus